XAU Trading Outlook (17-08-2015)
GOLD
Pivot: 1112
Likely scenario: Long positions above 1112 with targets @ 1121 & 1127 in extension.
Alternative scenario: Below 1112 look for further downside with 1102 & 1093.7 as targets.
Comment: A support base at 1112 has formed and has allowed for a temporary stabilisation.
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